SECTION 183. POWER OF BOARD AND OTHER PERSONS
TO MAKE CONTRIBUTIONS TO NATIONAL DEFENCE FUND, ETC.
[Effective from 12th September, 2013]
(1) The Board of Directors of any company or any person or authority exercising the powers of the Board of Directors of a company, or of the company in general meeting, may, notwithstanding anything contained in sections 180, 181 and section 182 or any other provision of this Act or in the memorandum, articles or any other instrument relating to the company, contribute such amount as it thinks fit to the National Defence Fund or any other Fund approved by the Central Government for the purpose of national defence.
(2) Every company shall disclose in its profits and loss account the total amount or amounts contributed by it to the Fund referred to in sub-section (1) during the financial year to which the amount relates.
To the corporatelawreporter.com webmaster, Your posts are always well-supported and evidence-based.
Thanks very interesting blog!
hello there and thank you for your info ? I have definitely picked up something new from right here. I did however experience several technical issues the usage of this web site, since I experienced to reload the website lots of occasions prior to I could get it to load correctly. I had been puzzling over in case your hosting is OK? No longer that I’m complaining, however slow loading circumstances occasions will often affect your placement in google and could damage your high quality ranking if advertising and ***********|advertising|advertising|advertising and *********** with Adwords. Anyway I am including this RSS to my e-mail and can glance out for much extra of your respective fascinating content. Ensure that you update this once more soon..